MYTH BUSTERS....Is being cheap really expensive?

[Michael Guzik]

Hey guys I have been listening to a lot of podcasts and many of them talk about frugality and saving money or being cheap. I was always raised to believe that being cheap is expensive, sure you may save money right now but over time you will spend just as much if not more if you had just purchased the more expensive quality item. My question is where should I be frugal or cheap? What parts or repairs on a house should I look to save lots of money on? What parts should I focus on quality, and not focus on the price? Where in my personal life should I be frugal and where should I care about quality? What routines, practices or places do ya'll shop to save money or buy quality items? Thanks for reading and I appreciate any and all comments!